Extended cover
- Fire, smoke and lightning strike
- Storm from force 7 upwards
- Water damage and leakage
- Burglary damage
Communal building · valuation · deed of division
Buildings insurance (opstalverzekering) for a VvE
The VvE (Dutch owners' association) insures the whole building, including the parts that in practice are used by a single owner. That makes the valuation and the deed of division more important than the premium.
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Deze pagina in het Nederlands: Opstalverzekering VvE.
Calculate your premium or request a quote
Without obligation; a reply within one working day.
The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert.nl or call 072 - 509 24 56 and we will take it from there.
Work out your own premium with the calculator.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
A VvE is required by law to insure the building against fire and storm damage. In practice almost every VvE opts for extended or comprehensive cover on a rebuild value basis.
You establish the sum insured with a valuation under Article 7:960 of the Dutch Civil Code. That report gives six years of protection against underinsurance — without a valuation the association carries that risk itself, and any shortfall is apportioned among the owners.
What does VvE buildings insurance cover?
The structure of the cover in three parts, with an overview per situation below.
Comprehensive
All sudden and unforeseen damage from outside, unless excluded.
- Unnamed causes included
- A small mishap while doing DIY
- Less discussion when you claim
Basis of value
Rebuild value with a guarantee against underinsurance, or a valuation.
- Rebuild value calculator
- Valuation under 7:960 DCC
- Guarantee on your policy schedule
What is covered
| Situation | Extended | Comprehensive |
|---|---|---|
| Fire, smoke and lightning damage | Yes | Yes |
| Storm damage from force 7 upwards | Yes | Yes |
| Water damage from a burst pipe | Yes | Yes |
| Burglary damage to doors and frames | Yes | Yes |
| Drilling through a pipe while doing DIY | No | Yes |
| Subsidence, pile rot and deferred maintenance | No | No |
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Valuation every six years
Building costs rise faster than indexation keeps up with. An expired valuation is the most common cause of underinsurance in owners' associations.
The deed of division determines the boundary
What is communal and what is private is set out in the deed. That line determines whether damage falls under the VvE policy or under the occupant's owner's interest.
Liability and board members
Besides buildings insurance, a VvE needs liability insurance and, certainly with an active board, directors' and officers' liability insurance.
A guarantee against underinsurance is not automatic
If you fill in the insurer's rebuild value calculator correctly, you will usually receive a guarantee against underinsurance: in the event of a claim the actual amount is paid, even if the sum insured turns out to be too low. Your policy schedule states whether you have that guarantee. Without it, the proportionality rule applies, and that also affects small claims.
What does your premium depend on?
- Agreed rebuild value
- Number of apartment rights
- Year of construction and construction type
- Use — homes, shops or mixed use
- Type of cover and excess chosen
Insurers weigh these details differently. That is why comparing pays off.
How we arrange it
- You request a quoteWe take stock of your activities, turnover and wishes.
- We compareseveral insurers, on premium as well as conditions.
- You receive a proposalWith an explanation of the differences and the exclusions.
- We arrange the switchIncluding cancellation, so there is no gap in cover.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Frequently asked questions
The questions we are asked most often about this.
Is a VvE obliged to insure the building?
Yes. The owners' association must insure the building against at least fire and storm damage. In practice, wider cover is almost always chosen.
Why is a valuation so important?
A valuation report under Article 7:960 of the Dutch Civil Code gives six years' guarantee against underinsurance. Without a report the VvE carries the risk of a shortfall, which is apportioned among the owners.
What falls under the VvE policy and what does not?
The deed of division sets the line between communal and private. Kitchens, bathrooms and floors installed by owners themselves fall under the occupant's owner's interest.
What is a dormant VvE?
An association that formally exists but is not active. There is then often no current insurance, while the obligation still applies.
What is the difference between extended and comprehensive cover?
Extended cover applies to the named perils: fire, storm, water, burglary and impact. Comprehensive cover also includes sudden and unforeseen damage from outside that is not excluded, such as a drill through a pipe while working on the property.
Do I have a guarantee against underinsurance?
Only if it is stated on your policy schedule. You usually obtain it by completing the rebuild value tool correctly or with a valuation that meets the requirements. Without that guarantee, claims are paid proportionately.
Read more
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Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was written and checked by an adviser at Finass Verzekert. Last updated on .
The information on this page is general in nature and is not personal advice.